What is human resource valuation and accounting?

Human Resource Valuation
Human resource valuation means the identification and measurement of the value of human resources and then supplying this information to the interesting parties. It is sometimes also defined as a method of assigning value to the employees on the basis of their future economic services to the organization.. The employees of value at the present worth of the services they are expected to render during their stay in the organization or a particular period of time.

Human Resource Accounting
Human resource accounting deals with the investment made by an organization in its employees and the changes that occur in this value over a period of time. HRA is defined as a process of identifying and measuring data about human resources and communicating to the information to the interesting parties. The costs incurred by an organization in recruiting, selecting, hiring, training and developing the human assets are taken into account by HR accounting.